Ten facts about the Bradford Economy
- Bradford has a big economy worth over £8.3bn, the third largest in the Yorkshire region after Leeds and Sheffield.
- Economic growth since 2008 has outstripped the regional and national averages.
- A number of major companies have their headquarters in the district including Morrisons, Yorkshire Building Society, Provident Financial, Hallmark Cards, Pace, Freeman Grattan Holdings and Yorkshire Water. Over 40 large companies are headquartered in the District employing 370,000 people across the UK with a combined turnover of £30billion.
- Bradford is a Producer City. There are 1300 manufacturing businesses in Bradford employing 24,700 people, accounting for 12.8% of all employees, compared to 9.8% in Great Britain as a whole.
- Bradford has 2,400 textile manufacturing jobs and a further 9,400 jobs in textile and clothing related industries such as chemicals, distribution and retail, including companies such as Marks and Spencer, Freemans Grattan, Damartex and Christeyns. The concept of 'shopping from home' was pioneered in Bradford by Empire Stores and the city remains the home of Britain's biggest home shopping companies.
- Bradford is a centre for Digital Technologies with companies such as Pace - the world's number one designer and manufacturer of digital set-top boxes, and Radio Design - award winning world leaders in wireless telecommunications product design. The term "World Wide Web" was first used in a journal published by the Bradford based publisher Emerald.
- Bradford is 60% rural. Located close to the Yorkshire Dales it has a strong cultural offer and is a top UK residential hotspot.
- Bradford has a growing population of 522,500 and is the youngest major city in the UK with 22.6% of the population under 16 years of age. The work age population is increasing by 1,700 every year.
- Bradford University has been named as the number one university for graduate-level employment in Yorkshire and is in the top 20 nationally, as listed by the Sunday Times University Guide 2013.
- Bradford's broadband speed is the highest of any city in the UK and is set to improve. Bradford is investing heavily in ultrafast broadband, 4G and city centre Wi-Fi to further improve access.
For more information and statistics about the local economy, please click on the links below.